Wells Fargoa?s Products, Services and Free Educational Programs Get Students Financially Fit for School
SAN FRANCISCO--([ BUSINESS WIRE ])--Moving away and being independent for the first time is pretty exciting for high school graduates, but staying on top of the associated expenses can be daunting. Wells Fargo & Company (NYSE:WFC) helps students be ready for the transition through a broad array of lending and financial management products and services that are accessible through multiple channels, including online and mobile.
"We are committed to serving the financial needs of students and families by providing a choice of affordable financing options and personal financial management tools. Through our educational programs, we help our customers develop good financial habits for a lifetime."
aStaying on top of loan payments, books and room and board, among other expenses, is no easy task,a said Kirk Bare, head of Wells Fargo Educational Financial Services. aWe are committed to serving the financial needs of students and families by providing a choice of affordable financing options and personal financial management tools. Through our educational programs, we help our customers develop good financial habits for a lifetime.a
Finance School with Education Loan
Wells Fargo Education Financial Services, the second largest student-loan originator in the country serving more than 2.4 million students and family customers in all 50 states, is committed to helping customers make smart borrowing decisions. After students exhaust all available federal aid, including grants, scholarships and loans, Wells Fargo can help customers fill the financial gap with a complementary solution to meet the expenses of undergraduate and graduate studies, qualifying multi-course certificate, or licensure. Recently, it launched [ Wells Fargo® Student Loan for Parents ], a one-of-a kind solution that helps parents or other sponsors cover a studenta™s education costs. Through the Wells Fargo Student Loan for Parents, adults are solely responsible for the loan. More information about all of Wells Fargoa™s private student loans is available at its student center [ WellsFargo.com/student ] or at 800-378-5526.
Stay on Top of Finances
Wells Fargo helps students stay on top of their finances with specially designed accounts, online personal financial management tools and mobile banking:
- [ The College Combo® ]a" Features Wells Fargo College Checking® account, free access to Online Banking with free Bill Pay, Debit Card with free access to more than 12,000 Wells Fargo and Wachovia ATMs nationwide, and Savings Account.
- [ CollegeSTEPS® Program ]a" Provides valuable information on scholarships, financial aid, testing and college preparation through electronic postcards, once a student enrolls in the program.
- [ Wells Fargo MobileSM ]banking a" Provides students with three easy ways to bank on their mobile device, including a mobile web site (WF.com), four downloadable applications, and text banking to short-code 93557 (which spells "Wells" on traditional telephone keypads).
- [ My Savings Plan® ] tool a" Gives students an easy way to save for their goals and automatically monitor their progress.
- [ My Spending Report with Budget Watch ]a" Helps students create a budget in as few as two clicks and monitor their progress throughout the month, so they can identify opportunities to spend less.
- [ Account Alerts ]a" Helps students stay informed about account transactions. Students can choose alerts that are important to them and have them sent right to their email or mobile device. Alerts help students detect potential fraud more quickly.
- [ Bill Pay ]a" Allows students to pay bills in minutes online.
- [ Online Transfers ]a" Allows students to move funds from their accounts to their parents when both have Wells Fargo checking and/or savings accounts. Recipients receive the money in their account immediately.
Also, college students, like older adults, deserve access to credit cards. Students view the development of a credit card relationship as a arite of passagea that they need to establish their credit history. Even employers look at credit history as a basis for evaluating applicants. Having a credit card, such as a [ Wells Fargo® College Card ] has almost become a necessity in order to make travel arrangements, rent a carorpurchase services over the phone and online. With the new Rapid Alerts Service, students can take control of their credit card usage by receiving text alerts in near real time whenever their card is used. Wells Fargoa™s and Visaa™s quick and easy program called Practical Money Skills for Life ([ http://wellsfargo.practicalmoneyskills.com ]) helps students get on the road to a strong financial future.
Free Financial Literacy Programs Available
Whether the studenta™s preference is to learn and obtain information offline or online, Wells Fargo has many resources:
Online:
- Student Center (online center) a" [ https://www.wellsfargo.com/student/loancenter ]
- Hands on Banking® (online educational program) a" [ http://www.handsonbanking.org/en/ ]
- The Student LoanDownSM (blog) a" [ http://blog.wellsfargo.com/StudentLoanDown ]
Available at Wells Fargo Banking Stores:
- The Getting Started Guide brochure a" Helps them understand their new checking account.
- The Student Guide to Good Credit brochure a" Covers how to build good credit, the importance of budgeting, online banking tools, how to read a statement and key financial terms.
Insure New Digs and Back to School Wheels
Wells Fargo Insurance can help simplify the insurance process, whether students need to protect their personal property in an apartment or insure their car.
Renters insurance:
While a landlorda™s insurance coverage protects the building a student lives in, it is up to the student to protect his or her personal property. Renters insurance helps protect a persona™s personal property, and will even reimburse the student for reasonable living expenses if the student is relocated as a result of a covered event a" like a fire.
Auto insurance:
Purchasing a car is a big decision and Wells Fargo Insurance can help protect your new purchase. Experienced insurance agents work with customers to quickly compare auto insurance quotes from multiple insurance companies and help them purchase the coverage thata™s right for them, regardless of which insurance company they select.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortunea™s 2009 rankings of Americaa™s largest corporations. Wells Fargoa™s vision is to satisfy all our customersa™ financial needs and help them succeed financially.